About Ooma
Ooma is a company based in Palo Alto (United States) founded in 2004.. Ooma has raised $87.97 million across 11 funding rounds from investors including WI Harper Group, DFJ and Founders Fund. The company has 1,190 employees as of January 31, 2024. Ooma has completed 8 acquisitions, including 2600hz, Broadsmart and Butterfleye. Ooma offers products and services including Business Phone System, Home Phone Service, and Home Security Systems. Ooma operates in a competitive market with competitors including Ring Labs, ADT, Alarm.com, Verkada and United Technologies, among others.
- Headquarter Palo Alto, United States
- Employees 1190 as on 31 Jan, 2024
- Stage Public
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Sectors
Industrial Goods & ManufacturingTechnology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Ooma, Inc.
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Annual Revenue
$256.85 M8.5as on Jan 31, 2024
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Net Profit
$-6.9 M-726.47as on Jan 31, 2024
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EBITDA
$9.01 M24.55as on Jan 31, 2024
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Total Equity Funding
$87.97 M (USD)
in 11 rounds
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Latest Funding Round
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Investors
WI Harper Group
& 7 more
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Employee Count
1190
as on Jan 31, 2024
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Investments & Acquisitions
2600hz
& 7 more
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IPO & Listings of Ooma
Ooma is a publicly listed company on the NYSE with ticker symbol OOMA in USA, operating in the Communications sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Ooma
Ooma offers a comprehensive portfolio of products and services, including Business Phone System, Home Phone Service, and Home Security Systems. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Cloud-based system for enterprise communications and call management
Internet-based phone solution for home users
Integrated system for home monitoring and alerts
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Sales and Marketing
50 people
Leadership Team
24 people
Software Development Team
19 people
Operations Team
14 people
Legal and Compliance
5 people
Human Resources and Administration
5 people
Product Management Team
3 people
Finance and Accounting
3 people
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Funding Insights of Ooma
Ooma has successfully raised a total of $87.97M across 11 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 11
- Last Round Last Round
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First Round
First Round
(01 May 2005)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2017 | Amount | Post-IPO - Ooma | Valuation |
investors |
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| May, 2015 | Amount | Series D - Ooma | Valuation |
investors |
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| May, 2014 | Amount | Series D - Ooma | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ooma
Ooma has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include WI Harper Group, DFJ and Founders Fund. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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US focused VC firm
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Founded Year | Domain | Location | |
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Venture capital investments in technology and defense sectors.
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Founded Year | Domain | Location | |
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Tech & Life-Sciences focused Growth stage Venture Debt Firm investing in North America
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ooma
Ooma has strategically engaged in corporate development activities, having acquired 8 companies. Notable acquisitions include 2600hz, Broadsmart and Butterfleye. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of connected cameras for home surveillance
|
2013 | ||||
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Calls, texts & real-time sharing
|
2011 | ||||
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Cloud-based platform for VoIP
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Ooma
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ooma Comparisons
Competitors of Ooma
Ooma operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ring Labs, ADT, Alarm.com, Verkada and United Technologies, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based video surveillance systems are provided for security monitoring.
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| domain | founded_year | HQ Location |
Cloud-based surveillance solutions for home and business security are provided.
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| domain | founded_year | HQ Location |
Cloud-based video intercoms and physical security systems are provided.
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| domain | founded_year | HQ Location |
Enterprise video surveillance systems and platforms are developed.
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| domain | founded_year | HQ Location |
Physical security, safety, aerospace, and HVAC solutions are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ooma
Frequently Asked Questions about Ooma
When was Ooma founded?
Ooma was founded in 2004 and raised its 1st funding round 1 year after it was founded.
Where is Ooma located?
Ooma is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Is Ooma a funded company?
Ooma is a funded company, having raised a total of $87.97M across 11 funding rounds to date. The company's 1st funding round was a Series D of $175.08K, raised on May 01, 2005.
How many employees does Ooma have?
As of Jan 31, 2024, the latest employee count at Ooma is 1,190.
What is the annual revenue of Ooma?
Annual revenue of Ooma is $256.85M as on Jan 31, 2024.
What does Ooma do?
Ooma was founded in 2004 in Palo Alto, United States, within the telecommunications and security sectors. Cloud-based telephony for businesses is offered, featuring local and long-distance calling, virtual receptionists, extension dialing, call forwarding, and voicemail options. Home security solutions include wireless sensors and smart video cameras for residential protection. Additional services encompass phone numbers, mobile applications, and HD voice integration for consumers across the U.S.
Who are the top competitors of Ooma?
Ooma's top competitors include Vivint, SimpliSafe and Verkada.
What products or services does Ooma offer?
Ooma offers Business Phone System, Home Phone Service, and Home Security Systems.
Is Ooma publicly traded?
Yes, Ooma is publicly traded on NYSE under the ticker symbol OOMA.
How many acquisitions has Ooma made?
Ooma has made 8 acquisitions, including 2600hz, Broadsmart, and Butterfleye.
Who are Ooma's investors?
Ooma has 8 investors. Key investors include WI Harper Group, DFJ, Founders Fund, MMV Financial, and Worldview Technology Partners.
What is Ooma's ticker symbol?
The ticker symbol of Ooma is OOMA on NYSE.
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